Analysts Issue Forecasts for Pembina Pipeline Corp.’s FY2017 Earnings (PBA)
Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) – Cormark cut their FY2017 EPS estimates for shares of Pembina Pipeline Corp. in a research report issued on Thursday. Cormark analyst B. Watson now forecasts that the pipeline company will post earnings per share of $1.51 for the year, down from their previous estimate of $1.63. Cormark also issued estimates for Pembina Pipeline Corp.’s Q1 2018 earnings at $0.55 EPS, Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.55 EPS and FY2018 earnings at $2.21 EPS.
Several other equities analysts also recently commented on PBA. Zacks Investment Research downgraded Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub downgraded Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, AltaCorp Capital restated an “outperform” rating on shares of Pembina Pipeline Corp. in a research report on Wednesday, May 3rd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $43.50.
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Pembina Pipeline Corp. (PBA) opened at 33.33 on Monday. Pembina Pipeline Corp. has a 52 week low of $27.44 and a 52 week high of $34.97. The company has a market capitalization of $13.43 billion, a P/E ratio of 32.81 and a beta of 0.71. The company’s 50-day moving average price is $33.40 and its 200-day moving average price is $32.39.
Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings data on Tuesday, August 1st. The pipeline company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.08. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.36 billion. Pembina Pipeline Corp. had a return on equity of 8.59% and a net margin of 12.12%. Pembina Pipeline Corp.’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.25 earnings per share.
A number of large investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its stake in Pembina Pipeline Corp. by 18.0% in the first quarter. Van ECK Associates Corp now owns 3,405 shares of the pipeline company’s stock worth $108,000 after buying an additional 520 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Pembina Pipeline Corp. by 9.7% in the first quarter. Envestnet Asset Management Inc. now owns 3,801 shares of the pipeline company’s stock valued at $120,000 after buying an additional 335 shares during the period. Huntington National Bank boosted its stake in Pembina Pipeline Corp. by 7.6% in the first quarter. Huntington National Bank now owns 4,803 shares of the pipeline company’s stock valued at $152,000 after buying an additional 341 shares during the period. K.J. Harrison & Partners Inc purchased a new stake in Pembina Pipeline Corp. during the second quarter valued at approximately $202,000. Finally, Check Capital Management Inc. CA purchased a new stake in Pembina Pipeline Corp. during the first quarter valued at approximately $219,000. 46.73% of the stock is owned by hedge funds and other institutional investors.
The firm also recently declared a aug 17 dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a yield of 4.85%. Pembina Pipeline Corp.’s dividend payout ratio is 161.86%.
Pembina Pipeline Corp. Company Profile
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
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